Crinklebine

Crinklebine

Its great to have BTCUSD charts. Look at the break of this trend line.

Crinklebine

I think this weekly chart illustrates the bull/bear outlook. A close above 169.07 gives the bulls control and a close below the rising trend line gives the bears control. A trader can go long or short right now and put the stop loss at a break (on a daily closing basis) of the appropriate trend line indicating the bias was incorrect. Best trading.

Crinklebine

If this chart plays out the mining sector is in for a world of hurt. I have not taken this play but it is interesting to note.

Crinklebine

Short MRK at above $41.25. Stop on a daily close above $41.66. We have the benefit of a tight stop. Target one is $40 take half off. Target two (final target) $38.34. 20ma is also crossing 200ma. Stock below all moving averages. Stock looks weak and poised for more downside.